Are you prepared for the next flood?

Flood Guard can fill the gap by providing primary and excess coverage up to $5,000,000 in dwelling coverage.

DISPLACEMENT FROM A FLOOD

Flood Guard will pay up to $50,000 in Loss of Use coverage for living arrangements for you and your family while your home is repaired.

Who benefits from this product

Flood Guard is ideal for homeowners who may or may not have an existing NFIP policy (National Flood Insurance Program), but are looking for a more affordable and flexible flood insurance alternative.

Available in all NFIP-designated flood zones. Flood Guard is also ideal for those homeowners who are concerned about flood hazard and would like to purchase affordable primary or excess flood coverage.

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Coverage Highlights

Coverages & Guidelines

Prospect General Flood Guard

NFIP

Elevation Certificate

Not required

May be required

Coverages (A la carte)

Dwelling Coverage

Limit up to $5,000,000

Limit up to $250,000

Personal Property

Limit up to $1,000,000

Limit up to $100,000

Artwork, photographs, collectibles, jewelry etc.

Same as NFIP

Sub-limit up to $2,500

Loss of Use

Up to $50,000

N/A

Other Coverages (Sub-limit)

Debris Removal

$500K or Cov. A limit (whichever is less)

Up to $250,000

Loss Avoidance Measures

Same as NFIP

$1,000

Increased Cost of Compliance

Same as NFIP

$30,000

Replacement Cost Value

Optional Endorsement

N/A

Deductible

Fixed Deductible as low as $500 (single-site)

Fixed Deductible as low as $1,000

Waiting Period

None (Subject to Weather Moratorium)

30 Days

Eligibility

Occupied

Must be Occupied (By Owner or Tenant) Year-Around

Primary and Non-Primary Residence

Claims History

No Flood Claims in the past 10 years

Subject to Repetitive Loss Surcharge

Rating

Proprietary Rating System

Based on NFIP Flood Zone

Accepted by Mortgages

Same as NFIP

Yes

Excess Policy Option

Yes

N/A

Property Features

Guidelines

Acceptable Occupancies

1 – 4 unit family dwellings

Restrictions

No flood loss in 10 yrs., and no flood loss excess of $150,000
No mobile or manufactured homes
No homes located in, on, over water, or seaward of mean high tide